- USD/SGD is currently trading around 1.3761 marks.
- It made intraday high at 1.3779 and low at 1.3743 levels.
- Intraday bias remains slightly bearish for the moment.
- A daily close above 1.3772 will test key resistances at 1.3813, 1.3854 and 1.3945 marks respectively.
- Alternatively, a consistent close below 1.3772 will drag the parity down towards key supports at 1.3722, 1.3670, 1.3640, 1.3590, 1.3550, 1.3512 and 1.3454 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on USD/SGD around 1.3750, stop loss at 1.3722 and target of 1.3813/1.3854.
